Wednesday, March 31, 2021
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Financial markets record gains of 16 billion dirhams … and indicators continue to “rise” – local economy


The local financial markets continued to rise yesterday for the third day in a row, as it ended a trading session yesterday, with market gains amounting to 16 billion dirhams and liquidity of 1.16 billion dirhams, the largest proportion of which was concentrated in the Abu Dhabi Stock Exchange.

The general index of the Dubai Financial Market rose by 0.23% at the level of 2559 points, while the Abu Dhabi Securities Exchange continued to rise by 1.49% at the level of 5911 points.

Dubai Financial

In detail, the general index of the Dubai Financial Market rose yesterday by 0.23% at the level of 2559 points, with trades amounting to a total of 160 million dirhams, while the shares of nine companies rose out of 33 companies whose shares were traded, while the shares of 20 companies decreased, and the shares of four companies remained. Steadiness.

«Union Properties» shares closed at its previous price of 0.27 dirhams, with transactions that exceeded 11 million shares, while the share of «Deyaar Development» decreased by 3.26% at 0.267 dirhams, in transactions of nearly nine million shares.

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The share of «Amlak Finance» rose 4.5% at 0.26 dirhams, in transactions of nearly 12 million shares, while the share of «Damac Properties» fell by 4.7% at 1.23 dirhams, with transactions that exceeded eight million shares.

In turn, the share of “Emaar Malls” decreased by 0.6% at 1.23 dirhams, in transactions that exceeded eight million shares, while the share of “Emirates NBD” rose by 1.8% at 11.5 dirhams, in transactions of nearly two million shares.

The share of «Emaar Properties» the most heavily traded, rose by 0.6% at 3.57 dirhams, with a turnover of nearly 17 million shares.

Abu Dhabi Securities

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For his part, the Abu Dhabi Securities Exchange continued to rise by 1.49% at 5911 points, with trades amounting to a total of 1001 million dirhams.

The state’s announcement of the production of an anti-Coronavirus vaccine, called “Hayat – Fax,” after cooperation with the company, “Sinopharm CNPG”, contributed to reviving the financial markets, especially the Abu Dhabi Stock Exchange, as the share of Julphar rose 14. “TAQA” 2.92%, “International Holding” 2.60%, and “Etisalat” 2.86%.

The Securities Exchange fine 4 companies 210,000 dirhams

The Securities and Commodities Authority imposed a fine on four companies licensed by it, with a total value of 210 thousand dirhams. The Authority stated in disclosures published on its website yesterday that it imposed a fine of 100,000 dirhams on the Barjeel Geojit Financial Services Company for continuing to practice brokerage activities in global markets without obtaining the prior approval of the Authority.

It added that it imposed a fine on BH Mubasher Financial Services, amounting to 50 thousand dirhams, for not being keen on the interest of one of the clients, in addition to imposing a fine of 20 thousand dirhams on the Continental Financial Services Company for providing financial advice through employees who are not approved by the Authority. .

The Authority also imposed a fine on the “Al Burouj Securities” company, amounting to 40 thousand dirhams, for failing to separately show the total debit and credit balances of dealers in the trial balance.

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Source site www.emaratalyoum.com

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